KARNATAKA

Confusion prevails at petroleum outlets

Sharath Srivatsa

Many outlets sold fuel at old rates even past midnight

BANGALORE: Even as the Centre reduced the prices of petrol and diesel by Rs. 5 and Rs. 2 respectively on Wednesday night, confusion prevailed over the price in most petroleum outlets in the city with many selling the products at the old prices even past midnight.

With the revision, petrol price in Bangalore has dropped by Rs. 5.43 a litre while that of diesel has dropped by Rs. 2.17 a litre.

A litre of petrol now costs Rs. 46.28 as against Rs. 51.71 earlier and diesel costs Rs. 34.80 as against Rs. 36.97.

Although the executives of oil marketing companies were working out the latest prices, it was only around 12.45 a.m. on Thursday that they were able to give out the figure.

An Indian Oil Corporation executive defended the delay saying “since the announcement came late in the night, it takes some time for calculating the accurate price.”

The price of premium petrol and diesel would be announced later since they were independent of price reduction announced, he said.

While the employees at many 24-hour outlets feigned ignorance about the price applicable in Bangalore, several customers were seen arguing with them. “Although I know petrol prices have come down by Rs. 5, there is no point in arguing with these employees since they are blaming the oil marketing companies for not providing them with proper figures,” said Salim Mohammed of Shivajinagar while leaving a petroleum outlet on Mahatma Gandhi Road. “Since prices have not been reduced, I am buying only two litres for my two-wheeler,” he added.

However, many consumers to whom The Hindu spoke to were not even aware of the price reduction.

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